This episode of Financial Services Onlines Daily News Wrap highlights key updates from Australia's financial sector. It covers the merger of Coastal Advice Group and Calder Wealth Management, creating a financial services powerhouse handling $2.5bn in funds. The episode also discusses MUFG Retirement Solutions and Wrkr Ltd securing a significant contract with AustralianSuper to expand Payday Superannuation through a new digital platform that increases compliance and is ready for upcoming payday rules. ANZ analysts anticipate further interest rate cuts from the Reserve Bank of Australia due to persistent labor market issues and falling commodity prices. Lastly, the Insurance Council of Australia is advocating for modification of strata regulations for better building management in the Australian Capital Territory and emphasizing the need for awareness about lithium-ion battery safety.
